1. What are of analysis to penetrate the market?
Understanding Trade Barriers:
1. Tariffs: Taxes on imports that protect domestic producers but increase consumer
costs.
2. Subsidies: Government payments to domestic producers to compete globally and
maintain jobs.
3. Import Quotas: Limits on the quantity of goods that can be imported.
4. Voluntary Export Restraints: Quotas imposed by exporting countries at the
request of importing countries.
5. Local Content Requirements: Mandates for a percentage of goods to be produced
domestically.
6. Administrative Policies: Bureaucratic rules restricting imports.
7. Antidumping Policies: Measures to counter foreign producers selling goods below
fair market value.
International Trade Agreements:
Review the influence of trade agreements, such as the WTO frameworks or regional trade
pacts, to identify opportunities for preferential access or reduced trade barrier
2. What are the difference between the Political and Economic systems?
Political and economic systems are connected but have different roles. A political system sets the
rules for how a country is governed and how decisions are made. It decides whether the focus is
on the community as a whole (collectivism) or on individual rights (individualism). For example,
in a democracy, people have more freedom and rights, and decision-making is more open to
everyone. In a totalitarian system, power is concentrated with one authority that controls most
aspects of life.
An economic system, on the other hand, deals with how resources are used, goods are made, and
wealth is shared in a country. In a free market economy, businesses operate based on supply and
demand with little government control. In a command economy, the government controls all
economic activities. Mixed economies combine both, allowing private businesses to operate while
the government steps in to provide for public needs. These systems influence a country’s growth,
productivity, and the well-being of its people.
3. How the goals of fixed and openness market effective the business?
Fixed markets focus on stability by keeping exchange rates steady and using rules to control trade.
This makes international business easier because companies can plan without worrying about
sudden changes. Fixed markets also protect local businesses from foreign competition by using
tools like tariffs and quotas. This helps local industries grow but can reduce competition and slow
down innovation.
On the other hand, open markets aim to promote free trade with little government control. This
creates a competitive environment where businesses work harder to innovate, lower costs, and
improve efficiency. Open markets give companies access to more resources, new technologies,
and larger customer bases, helping them grow globally. However, they also come with challenges
like unpredictable currency changes, so businesses need strong strategies to succeed in these
markets.
4. What are the benefits of the trade barriers?
Trade barriers, such as tariffs, quotas, and subsidies, provide several benefits, particularly for
domestic producers. They protect local industries from foreign competition by increasing the cost
of imported goods, allowing domestic companies to grow and thrive in a less competitive
environment. For example, tariffs generate government revenue while giving domestic producers
a competitive advantage. Quotas and subsidies further ensure that local industries can maintain
production and employment levels, even when faced with cheaper foreign alternatives.
Additionally, trade barriers can be used to safeguard industries crucial for national security or
strategic importance, such as defense or agriculture. By reducing reliance on foreign suppliers,
countries can enhance their economic resilience. Trade barriers also encourage the development
of local supply chains, fostering innovation and self-reliance within the domestic economy.
However, while these benefits exist, trade barriers often come at the expense of higher prices for
consumers and reduced overall economic efficiency
5. Do you prefer diversity yes or no and why? What are the advantage and disadvantage of diversity ?
Diversity in the workplace offers many advantages by bringing together individuals with different
backgrounds, skills, and perspectives. This fosters innovation, creativity, and better problem-
solving, as diverse teams contribute a broader range of ideas. Additionally, diversity helps
organizations understand and meet the needs of global and multicultural markets, improving
customer satisfaction and attracting top talent. Inclusive workplaces enhance employee
engagement and strengthen a company’s reputation while identifying new opportunities for growth
and better decision-making.
However, diversity also poses challenges if not managed properly. Misunderstandings, conflicts,
and reduced trust among team members can arise due to cultural or communication differences.
These issues may lower productivity and team cohesion. To fully leverage the benefits of diversity,
organizations must address biases, discrimination, and cultural conflicts effectively. With proper
management, diversity drives organizational growth, global competitiveness, and workforce
adaptability. Without it, the challenges could outweigh the benefits.
6. Why trade union is beneficial from a country perspective?
Trade unions are beneficial from a country's perspective as they play a crucial role in protecting
workers' rights and promoting fair labor practices. By advocating for better wages, working
conditions, and benefits, unions help reduce income inequality and improve the standard of living
for workers. This, in turn, enhances productivity and fosters a more equitable and stable workforce,
contributing to overall economic growth. Additionally, trade unions provide a structured channel
for addressing labor disputes, reducing the likelihood of industrial unrest.
From a broader perspective, trade unions contribute to social cohesion and economic stability.
They encourage collective bargaining, which can help create a balance between employers' and
employees' interests, ensuring sustainable labor policies. Moreover, by pushing for employee
training and development, unions contribute to building a more skilled workforce, which benefits
the country's competitiveness in the global market. These efforts promote long-term economic and
social development
7. What are the difference between Socialist and capitalist?
Socialism and capitalism are two very different ways of running an economy. In socialism, the
government or the community owns resources and controls production. The goal is to create
equality by reducing the gap between rich and poor and providing free or low-cost public services
like healthcare and education. In this system, the government plans most economic decisions to
make sure everyone has jobs and access to basic needs, even if it makes the system less efficient.
In capitalism, resources are owned by individuals or businesses, and the economy is driven by
supply and demand. The focus is on making profits and being efficient. Competition between
businesses helps create new ideas and grow the economy. However, capitalism can lead to bigger
income gaps and make it harder for low-income people to access important services. Socialism
focuses on helping everyone equally, while capitalism values individual freedom and efficiency.
8. By expecting to fail culture chock and trade barriers how can you adapt with those issues?
Dealing with culture shock needs preparation and understanding the local culture of the host
country. Businesses can provide training to help employees and expatriates learn about the local
ways of communication, social habits, and work practices. Being open-minded and aware of
cultural differences can reduce misunderstandings and make it easier to adjust. Including local
employees in decision-making can also help build stronger connections and smooth integration
into the new environment.
For trade barriers, companies can adapt by being flexible. They might set up local production to
meet regulations or change prices to handle tariffs. Working with policymakers and taking part in
trade talks can help create better conditions. Companies should also look for new markets or
suppliers to reduce risks. Staying updated on trade rules and building good relationships with local
partners can help overcome the challenges of trade barriers.
9. Is it ethical to make payments to government officials to secure business?
No, it is not ethical to make payments to government officials to secure business. Such payments
are considered bribery, which undermines fair competition, promotes corruption, and damages
trust in both the business and government institutions. Paying bribes can harm the company's
reputation, lead to legal penalties, Ethical business practices focus on building trust, transparency,
and long-term sustainable growth.
